ValuStrat issue Q1 2023 Dubai and Abu Dhabi real estate market reports
<p>ValuStrat, the leading real estate valuation and advisory company, recently shared its Q1 2023 market analysis, reflecting a robust recovery in Dubai and Abu Dhabi’s property markets.</p>
<p>The ValuStrat Price Index (VPI), covering Dubai’s residential market, surged 11.4% year on year (YoY) to achieve 88 points. Particularly impressive was the growth in Dubai villas, which make up just 13% of the residential market in Dubai. Their annual capital gains reached a remarkable 17.1%, while apartment prices witnessed a 6.6% YoY increase.</p>
<p>“… Interestingly, prime villa prices surpassed the price peaks of 2014 by 1.2%. The valuation-based price index for luxury villas grew 16.8% YoY and 3.2% QoQ to achieve 119.8 points. However, prime apartments lagged behind their villa counterparts, with annual capital gains of 10.2% and quarterly growth of 1.7% to reach 82.9 index points…” said Haider Tuaima, Director & Head of Real Estate Research at ValuStrat.</p>
<p><a href="https://medium.com/@valustrat/valustrat-issue-q1-2023-dubai-and-abu-dhabi-real-estate-market-reports-a36ef81c081"><strong>Read More</strong></a></p>